KSE 100 up by over 650 points during the first half

As the dust settles after Elections 2018 and the earnings season approaches, bulls are back in action as the market gains for the fourth trading session in a row.

Pakistan’s benchmark index KSE 100 opened about 259 points above the last closing, crossing the 43,000 level and trading at 43,438 points at the time of writing of this article, up by 652 points or 1.52%.

Intraday high so far has been clocked in at 43,470 while the intraday low has been recorded at 42,786 points, a range of 683 points for the index.

Among the companies constituting the KSE 100, 73 companies are up so far, while 15 companies are down, 3 unchanged from its previous closing and 9 not traded at all.

Cumulative volume traded in these companies is at 98 million shares so far.

Cement Industry and Commercial Banks are leading the gains on the 100 index so far, followed by Fertilizer and Oil and Gas exploration and Marketing Companies.

Colgate Palmolive (Pakistan) Limited is the leading the gains in the 100 index, as the company reported its earnings statement today, up by Rs 144.5 so far, or 5%.

The broader KSE All Share Index is up by 373 points or 1.22% so far, and is trading at 31,087 points with a cumulative volume of 201.9 million shares.

A total of 230 companies have advanced at KSE, while only 54 companies are down so far, with 17 companies unchanged from their previous closings, and 317 companies not traded at all.